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What’s New Today: Apple's Hardware Launch Event Set for October 28
Fast-Track Insights: WazirX Hacked: Rs 2,000 Crore Crypto Theft Under Investigation
Here’s a quick rundown of the biggest tech headlines making waves today. From Apple’s upcoming hardware launch to SBI’s hiring spree, let’s dive into the top tech stories of the day.
Apple will kick off its hardware launch event at the end of the month. Bloomberg’s Mark Gurman suggests that the tech giant is set to unveil a range of new offerings, including Macs equipped with the M4 chip and new iPad models, by the end of October.
Gurman further mentioned that some of these offerings could hit the market by November 1. He also provided insights into Apple's plans for its 2025 product lineup, which includes the iPhone SE and an updated version of the AirTag.
According to Bloomberg News, it is anticipated that Apple will introduce new MacBook Pro models in 14-inch and 16-inch sizes by October's end, showcasing various M4 chip setups.
Infinix is set to introduce its first clamshell-style foldable phone, the Infinix Zero Flip, in India.
The Infinix Zero Flip made its debut worldwide last month. The smartphone boasts a MediaTek Dimensity 8020 processor, a 6.9-inch primary screen, and a 3.64-inch secondary screen.
It has been officially confirmed that the Infinix Zero Flip will be hitting the Indian market on October 17, 2024.
The smartphone features a MediaTek Dimensity 8020 chipset, equipped with up to 16GB of RAM and 512GB of built-in storage. The device is expected to run on XOS 14, which is based on Android 14.
The Indian EdTech sector has attracted US$278 million in funding during the first nine months of 2024. After a challenging 2023, this could signal a revival for the sector.
Startups are leveraging AI and interactive tools to reimagine learning experiences. Investors are regaining confidence, betting big on innovative education models.
This propelled the Indian edtech space to become the third most-funded sector in 2021, receiving US$4.7 Bn in investments just behind e-commerce (US$10.7 billion) and fintech (US$8 billion).
The magnitude of this growth was such that within two years accounted for 64% of the total US$11 billion raised between 2014 and 2024.
SBI is planning to hire 10,000 new employees and to open 600 branches in the current financial year. This has led to a 1% surge in the opening trade on Monday.
The bank has also recently made announcements regarding the recruitment of approximately 1,500 technology professionals. The hiring will be done for both entry-level and mid-level positions.
In response to these developments, SBI's stock initially showed a slight increase, opening at ₹797.05, marking a 0.28% rise from its Friday closing price of ₹796.60 on the BSE. In the early trading session, the stock had climbed by as much as 0.9% to ₹803.90, while its market value increased to ₹7.11 lakh crore.
In recent years, AI has swiftly changed industries and people’s daily lives and evoked many discussions. One of the most popular and frequently mentioned AI models is OpenAI’s ChatGPT.
It is an advanced language model that produces text that has been written by a person. Although it has shown a lot of potential in fields like customer service, content creation and even education, a series of incidents have happened with ChatGPT that raised questions about its ethical and legal implications.
In a shocking incident, crypto exchange WazirX suffered a major security breach. Hackers stole approximately Rs 2,000 crore worth of digital assets.
Government agencies are probing the massive crypto theft. WazirX has assured users that security measures are being tightened. This breach raises serious concerns about crypto security and the need for stronger regulations.
A report from Money Control indicates that representatives from the Financial Intelligence Unit (FIU), Intelligence Bureau (IB), and the Indian Computer Emergency Response Team (CERT-In) held meetings with WazirX's senior leaders to investigate the hacking.
